HAL Financials Halliburton

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 30 h ago Overview →

Growth & profitability

Revenue has grown 9.0% per year over the past 5 years.
Operating margin has expanded, at 10.2% in the latest year.
Free cash flow has grown 7.7% per year over the past 5 years.

Financial health

Total debt ($7.2B) exceeds cash ($2.2B); net debt is $5.0B.
Total debt has grown slower than revenue (-6.1% vs 9.0% per year).
Total debt is 2.1× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 45.1% of earnings and 34.6% of free cash flow.
The dividend has grown 15.8% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$22.2B	$1.3B	0.0%	10.2%	$1.7B	$7.2B	$2.2B
2024	$22.9B	$2.5B	0.0%	16.7%	$2.4B	$7.5B	$2.6B
2023	$23.0B	$2.6B	0.0%	17.7%	$2.1B	$7.6B	$2.3B
2022	$20.3B	$1.6B	0.0%	13.3%	$1.2B	$7.9B	$2.3B
2021	$15.3B	$1.5B	0.0%	11.8%	$1.1B	$9.1B	$3.0B
2020	$14.4B	-$2.9B	0.0%	-16.9%	$1.2B	$9.8B	$2.6B
2019	$22.4B	-$1.1B	0.0%	-2.0%	$915M	$10.3B	$2.3B
2018	$24.0B	$1.7B	0.0%	10.3%	$1.1B	$10.5B	$2.0B
2017	$20.6B	-$463M	79.9%	6.7%	$1.1B	$10.9B	$2.3B
2016	$15.9B	-$5.8B	76.3%	-42.6%	-$2.5B	$12.4B	$4.0B
2015	—	-$671M	—	—	$722M	$15.3B	$10.1B
2014	—	$3.5B	—	—	$779M	$7.8B	$2.3B
2013	—	$2.1B	—	—	$1.5B	$7.8B	$2.4B
2012	—	$2.6B	—	—	$88M	$4.8B	$2.5B
2011	—	$2.8B	—	—	$731M	$4.8B	$2.7B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$5.4B	$461M	0.0%	12.6%	$81M	$7.1B	$2.0B
Dec '25	$5.7B	$589M	0.0%	13.2%	$828M	$7.2B	$2.2B
Sep '25	$5.6B	$18M	0.0%	6.4%	$227M	$7.2B	$2.0B
Jun '25	$5.5B	$472M	0.0%	13.2%	$542M	$7.2B	—
Mar '25	$5.4B	$204M	0.0%	8.0%	$75M	—	—
Dec '24	$5.6B	$615M	0.0%	16.6%	$1.0B	$7.5B	$2.6B
Sep '24	$5.7B	$571M	0.0%	15.3%	$502M	—	—
Jun '24	$5.8B	$709M	0.0%	17.7%	$734M	—	—
Mar '24	$5.8B	$606M	0.0%	17.0%	$157M	—	—
Dec '23	$5.7B	$661M	0.0%	18.4%	$1.0B	$7.6B	$2.3B
Sep '23	$5.8B	$716M	0.0%	17.9%	$465M	—	—
Jun '23	$5.8B	$610M	0.0%	17.4%	$749M	—	—
Mar '23	$5.7B	$651M	0.0%	17.2%	-$146M	—	—
Dec '22	$5.6B	$656M	0.0%	17.5%	$813M	$7.9B	$2.3B
Sep '22	$5.4B	$544M	0.0%	15.8%	$502M	—	—
Jun '22	$5.1B	$109M	0.0%	7.4%	$155M	—	—
Mar '22	$4.3B	$263M	0.0%	11.9%	-$239M	—	—
Dec '21	$4.3B	$824M	0.0%	12.9%	$366M	$9.1B	$3.0B
Sep '21	$3.9B	$236M	0.0%	11.6%	$429M	—	—
Jun '21	$3.7B	$227M	0.0%	11.7%	$218M	—	—

Valuation over time

How the market has priced HAL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 16.8× (Mar '23) to 22.6× (Jun '26).
The price-to-sales ratio has risen from 1.3× (Mar '23) to 1.3× (Jun '26).
The dividend yield has risen from 1.6% (Mar '23) to 2.0% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is HAL growing its revenue and profit?

Over the past 5 years, Halliburton's revenue has grown 9.0% per year. These are computed facts, not advice.

How much debt does HAL have?

As of FY2025, Halliburton reported $7.2B of total debt against $2.2B of cash.

What is HAL's profit margin?

In FY2025, gross margin was —, operating margin 10.2%, and net margin 5.8%.

What is HAL's P/E ratio?

As of Jun '26, Halliburton traded at a price-to-earnings ratio of about 22.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.